Microsoft cloud powers record Fourth Quarter
 

X-Box sales only dark cloud

Software King of the World Microsoft posted record fourth quarter of its 2019 financial results today with a revenue of $33.7 billion and net income of $13.2 billion.

The figures set a new record fiscal year for Microsoft as it spends its days valued as a $1 trillion company. Microsoft first passed the $1 trillion milestone in this quarter, thanks to its continued growth in cloud and diverse businesses.

Surface revenue was up in the same quarter last year, and it’s up once again by 14 percent. Microsoft attributes this to “strong growth in our commercial segment.” This growth shows that Surface hardware is selling well, despite no new refreshed models during this quarter. Microsoft also released the Surface Go last year, and it helped boost revenue, and there’s no refreshed model in 2019 to help push revenues.

Microsoft refreshed the Surface Pro, Surface Laptop, and Surface Studio back in October and a new Surface Pro and Surface Book models are expected in October. However Microsoft CFO Amy Hood revealed the company is expecting Surface revenue to decline next quarter, likely because of a lack of new hardware.

Gaming revenue declined by 10 percent this quarter, alongside Xbox software and services revenue decline of three per cent.

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